Which of the following statements with regard to New Development Bank BRICS, formerly referred to as the BRICS Development Bank, is/are correct?
1. The Headquarters of the Bank is situated at Moscow, Russia.
2. K. V. Kamath is the first President of the Bank.
Select the correct answer:
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer: Option B
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